The 3 Heat Pump costs
Heat Pump Costs to Consider before buying:
- The price of the unit. Some retailers advertise heat pumps with the price being the purchase of the heat pump unit itself excluding installation. To compare prices you need to add the installation cost.
- The installation cost for labour and parts to install it at your home. The installation cost for a heat pump can range from $700 - 1200 depending on size and complexity.
- The running cost that you'll be facing year after year from operating the heat pump. Scroll further on this page to see some examples since choosing less efficient models can land you with higher than necessary power bills.
Brightr heat pump prices include the unit and installation charges.
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Winter Heat Pump Running Costs
If you're concerned about the impact of heat pumps on your power bill - table below shows the total heat pump running costs in winter.
Winter heat pump running costs depend on a number of factors - some are to do with the size and state of your home, some relate to the efficiency of the model you buy and others to do with geography and the way you use your heat pump. The running cost estimates beow are from the Gen Less Running Cost Calculator assuming a 4-star heat pump, an electricity cost of 26c per kWh for 6 months of the year.
6 month heat pump heating costs
Anything under $183 means it costs less than $1 per day.
| Heat Pump Output | 6 months x 3 Hours daily | 6 months x 6 Hours daily | 6 months x 9 Hours daily |
|---|---|---|---|
| 2.5 kW | $54.99 | $109.98 | $164.97 |
| 3.5 kW | $76.99 | $153.97 | $230.96 |
| 4.5 kW | $98.98 | $197.97 | $296.95 |
| 5.5kW | $120.98 | $241.96 | $362.94 |
| 6.0kW | $142.98 | $285.95 | $428.93 |
Source: Gen Less's Running Cost Calculator March 2021. More specific running costs for individual models can be found at the Gen Less Efficient Appliance Calculator. These figures are estimates only.
15 Factors affecting heat pump running costs.
The actual running costs of a heat pump in your home is highly individual as it's dependent on many factors including:
- The size of the room and as a consequence the heating output in kilowatts required of your heat pump.
- The number of hours you run the heat pump.
- The star rating of the model you choose - how much energy input is required.
- The level of home insulation you have which influences the running time of the heat pump.
- Your power company and the cost you pay for your electricity.
- The number of windows and type of glazing.
- Orientation of the house (north/south facing)
- The average outside temperature in your region.
- If the unit has been sized correctly for the room.
- If the unit has been positioned correctly in relation to location of windows and doors.
- Regular cleaning of filters.
- Preferred indoor temperatures.
- If the heat pump is used continuously or intermittently.
- Installation and positioning of the outdoor unit.
- Humidity level.
Summer Air Conditioning (Heat Pump) Running Costs
In New Zealand's temperature climate - almost all heat pumps are reverse-cycle meaning they can both warm and cool. Kiwis are more inclined to open a window however than to turn on air-conditioning.
The challenge is overnight when the mozzies come out to play and the security of an open window is not wise.
Using a heat pump for cooling on hot sticky evenings and in bedrooms to help you sleep better is very appealing and it need not cost a lot. As with heating, running costs depend on a number of factors - including the size, state and orientation of your home, whether you have insulation and the efficiency of the model you buy. The running cost on cooling beow are from the Gen Less Running Cost Calculator assuming a 4-star heat pump, an electricity cost of 26c per kWh for 4 months of the year. Anything on the table under $121 means it costs less than $1 per day.
4 month Air-con Cooling Costs
| Cooling Output | 4 months x 3 Hours/Day | 3 months x 3 Hours/day | 3 months x 6 Hours/Day |
|---|---|---|---|
| 2.5 kW | $54.99 | $109.98 | $164.97 |
| 3.5 kW | $76.99 | $153.97 | $230.96 |
| 4.5 kW | $98.98 | $197.97 | $296.95 |
| 5.5kW | $120.98 | $241.96 | $362.94 |
| 6.0kW | $142.98 | $285.95 | $428.93 |
Source: Gen Less's Running Cost Calculator. More specific running costs for individual models can be found at the Gen Less Rightware Tool. These figures are estimates only.
